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Solar Panel Price in India

By on September 17, 2018 with 1,579 Comments  
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Electricity is becoming expensive with each passing day and more people are getting interested in using solar energy to meet their electricity needs. Power cuts and dependence on DG sets is making people look for more and better sources. Solar PV panels provide a very good alternative. Ministry of New and Renewable Energy (MNRE), Government of India is also promoting solar PV systems under the Jawaharlal Nehru National Solar Mission in the country. They also provide a subsidy to people buying solar panels under this scheme. There are a lot of people keen to buy solar panels in India so we thought of doing a research on the solar panel price in India in 2018

  • As per our research (on e-commerce sites selling solar PV) and resources from the solar PV industry, cost of a PV module (just the panel) costs anywhere between Rs 30 to Rs 50 per watt of power generated (depending on the quantity you are buying).
  • The modules having higher Watt power capacity are cheaper per Wp as compared to modules with lower Watt power capacity. The efficiency of solar panels is also better for modules of higher Watt power as compared to modules of lower Watt power.
  • There is not much difference in price between imported and Indian solar panels. But if you are looking for a subsidy, then the only option that you have is to go for Made in India panels.
  • If you are living in an area where power cuts are less frequent and you want to implement solar PV system to reduce your electricity bills then the best solution would be to go for a Grid Connected Solar PV System. It will cost you anywhere between 50,000-70,000 per kWp (cost varies based on the type of inverter and panels you choose). To get a step by step procedure to install the same, check our post: How to get a “Grid Connected” Solar PV Rooftop System in India – a step by step procedure.
  • If you are living in an area where there are frequent power cuts, then the best solution for you would be to go for an “Off Grid” Solar PV System. Off Grid Solar PV system will include batteries, which are an expensive part of the system and these would need replacement every few years (4-7 years). A typical Off Grid Solar PV System would cost about Rs 1 lakh.
  • There are two types of Solar PV Cells: Monocrystalline and Polycrystalline. The difference between the two is that Monocrystalline is made of single silicon crystal whereas Multi-crystalline PV is made up of multiple crystals. A monocrystalline is more efficient in converting solar energy into electricity per sq meter area than a multi-crystalline PV. Thus the space required for the same amount of wattage is less in monocrystalline PV panel. Thus it is costlier than a Multi-crystalline PV. The modules available in India are mostly “Polycrystalline”.
  • Typical efficiency of panels available in India is between 13-19%. Please note that lower the efficiency, more panels you would need to get the same amount of electricity and it will occupy more rooftop area.

If you are looking for a subsidy then as on January 2016, Government has released a priority list for processing subsidy claims. Schools, public institutions, etc are higher up on the priority list and residential projects are lowest in the priority list. The process of getting subsidy is explained in detail on this page on our website: How to get a “Grid Connected” Solar PV Rooftop System in India – a step by step procedure

MNRE has also published a list of authorized manufacturers that is available on this link:

http://mnre.gov.in/file-manager/UserFiles/information-sought-from-all-Solar-Cell-&-Module-manufacturers.pdf

Price of Solar Panels in India in 2018:

We have collected some data from various e-commerce sites selling solar panels in India and below is the data that we have collected and analyzed. As you can see, the costs get better when the size of panels increase. Also the best selling range is the most economical. So if you want to buy a Monocrystalline 19% efficiency panels or Polycrystalline 17% efficiency panels, then they are the most economical.

Monocrystalline
Panel Efficiency RangeWatt Range (in Watts)Price Per Wp (in Rs)
17%250-30047
above 30047
18%250-30048
above 30050
19%0-5046
50-10043
100-15045
150-20045
200-25045
250-30042

 

Polycrystalline  
Panel Efficiency RangeWatt Range (in Watts)Price Per Wp (in Rs)
Less than 13%0-5055
100-15052
150-20052
200-25048
13%0-5064
50-10059
150-20052
14%0-5088
50-10049
100-15054
150-20053
200-25052
15%50-10063
100-15050
150-20046
200-25039
250-30037
16%50-10068
100-15078
150-20059
200-25078
250-30040
above 30037
17%0-5073
50-10036
100-15034
150-20036
200-25030
250-30032
above 30036

Note: This data has been provided just for your information to help you take a decision. Bijli Bachao website does not sell solar panels and this data is collected from online websites that sell solar panels. The data is further analyzed to give you some idea on prices.

To check the top ten solar panel brands (manufacturers) in India check this link: Top Ten Solar Panel Brands (Manufacturers) in India

More details on Solar PV roof top systems are also available on our link (this link is useful if you plan to go for an “Off Grid” Solar PV System): Roof-Top Solar PV system project for home and office

Understand more about basics of Solar PV systems on our link: Solar electric, solar thermal, power generation, inverters, grid, off-grid: clearing the cobweb

Get help in understanding financing options available to finance your Solar PV System: Financing Options for Solar Rooftop Projects in India

To check price of Solar Inverters, check this page: Solar Inverter Price in India

Off-Gird Solar Inverter Battery Calculator

We have prepared a calculator that you can use to calculate your solar-inverter-battery requirements. This calculator can only help you to calculate Off-Grid Solar Panel requirements. To use it just use the steps mentioned below:

  1. Add all the appliances that you have in the calculator. You can always change the wattage if you know it is different from what is mentioned in the calculator. You can use the “Add Appliance” button at the bottom to keep adding more appliances. To remove an appliance, press the “X” at the end of each row.
  2. The list of appliances in the calculator is based on some of the most common appliances that we get queries on. If you do not find your appliance in the list, you can select “Custom” at the end and add your own appliance.
  3. Press the “Calculate” button at bottom to get the calculation. Do tick the “Calculate Solar Panel Requirement” checkbox if you want to do calculations for Solar Panels.
  4. You can also print the output if you want.
  5. Please note that this calculator is good for a regular home setup or for a small requirement. It will not work well for big commercial or industrial setups.

Inverter Battery Calculator
Appliance
Count
Watts
Total Watts
Usage Hours
Total Wh
 

Here is a quick video that can guide you on Rooftop Solar PV buying in India:

 

 

 

Solar Panels Available on Amazon.in

About the Author:
Abhishek Jain is an Alumnus of IIT Bombay with almost 10 years of experience in corporate before starting Bijli Bachao in 2012. His passion for solving problems moved him towards Energy Sector and he is keen to learn about customer behavior towards Energy and find ways to influence the same towards Sustainability. .

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